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WhatsApp will launch its WhatsApp payment services, in India next week.
WhatsApp Pay has tied up with HDFC Bank, ICICI Bank and Axis Bank for transaction process. SBI will also join once it has necessary systems in place. A pilot version of WhatsApp Pay, was launched in February with 1 million users, received rave review.
Furthermore, its entry into the digital payments will threaten the market share of its rivals, Google Tez and Alibaba-backed Paytm, as b oth platforms lack the benefits of a social network.
